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Property Detail

195th Avenue
Additional investment options include rental agricultural income potential while the land take-down.
$7,433

Description

  • Additional investment options include rental agricultural income potential while the land take-down schedule is phased.
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  • Surrounded by natural beauty and top schools, New Richmond's steady growth offers an ideal setting for new residential and commercial developments.
  • Annexed and partially tillable, this tract is ideal for institutional investors planning a dynamic mixed-use community.
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  • Visible along WIS 64 with swift access to the Twin Cities, Stillwater, and Hudson, this property will become the region's largest mixed-use community.
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  • Minutes from New Richmond Regional Airport, this property offers a rare chance to shape a commercial hub near St. Paul and Minneapolis.

Executive Summary

Along 195th Avenue in New Richmond, Wisconsin, an expansive opportunity awaits with 495.59 acres of prime commercial land for sale. This significant tract of land, one of the largest in western Wisconsin, boasts a strategic zoning mix of Z2 (Sub-Urban District), Z3 (Multi-Use Corridor), and Z4 (General Urban District), facilitating a blend of single-family residential, multifamily, commercial, and potential industrial developments. Already annexed, a substantial portion of the land remains tillable, offering immediate rental agricultural income potential.

Ideal for an institutional investor envisioning a sprawling mixed-use community, the property offers unparalleled flexibility and can parcel out smaller plots of no less than 40 acres. Its location provides excellent visibility along Wisconsin Highway 64, ensuring prominent exposure in a rapidly growing area. Situated just outside New Richmond's center, the land offers seamless accessibility via Wisconsin Highways 64 and 65, linking to Interstate 94 and Wisconsin Highway 36, facilitating convenient connections to the Twin Cities, Stillwater, and Hudson.

Beyond its strategic location and expansive possibilities, New Richmond, fondly known as The City Beautiful, surrounds the property with natural beauty, outstanding schools, diverse businesses, and a strong community spirit. The area's residential growth rate of approximately 2% annually underscores its appeal for new development. With amenities ranging from shopping centers to local eateries and the proximity of New Richmond Regional Airport (KRNH) just five minutes away, this property epitomizes a rare opportunity for visionary investors seeking to shape the future of this burgeoning region.

Whether envisioning a new residential enclave, a vibrant commercial hub, or a blend of both, this property offers a blank canvas amid a picturesque setting just over 30 minutes from St. Paul and under an hour from Minneapolis

Wisconsin Highway 64 & Highway CC

Listing ID : 00773

SKU: 773

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Price History

DateEventPrice
December 10 2024Listed$7,433.00